Investors in search of brilliant stock for intraday trading in today’s session can consider GMDC stock. The stock has seen a decent rise in recent trading sessions.

Interested investors may buy the stock around Rs 520, with a stop loss at Rs 512. Yesterday, the stock marked its closure at Rs 524.10, up 4.9% on BSE, and Rs 523.35, up 5.0% on NSE.

Investors can surely reap good returns from this brilliant stock. The target for today’s trading session lies between Rs 532-558.

Gujarat Mineral Development Corporation Limited (GMDC) is a top PSU of Gujarat State, where the Government of India holds 74% of the equity. It is country’s biggest merchant seller of Lignite and of late, it has forayed into power generation, with the implementation of its first 250 MW power station in Kutch.

GMDC has set itself a target to attain Rs 10,000 crore over next few years, revenues of which will be derived mainly from Power and Mining businesses as per report received.

The company is involved in mining and other projects including coal & Lignite, Power, Cement, Bauxite etc. and involved in joint venture (JV) with Reliance Inds., Jaypee group, Tata Refractories and others.

The biggest advantage for the company is the huge reserves of coal it is currently sitting on. The prices of coal have been scaling the sky due to acute shortages and coal has today become one of the most precious assets. Ministry of Coal, in 2006, has allotted to GMDC coal blocks with approximately 350 million tonnes of mineable reserves in Chhattisgarh and another one in Jharkhand with 100 million tonnes of mineable reserves.